What is Byzantine Finance?

Byzantine is a trustless and efficient restaking layer with permissionless strategy creation. We enable the deployment of minimal, individual, and isolated restaking strategy vaults by specifying:

• A restaking strategy, composed of:

  • A set of AVSs

  • One or multiple restaking protocols

• A collateral asset

• A governance style (immutable or modifiable strategy)

• Investor permissions (open or whitelisted investors)

• An (optional) liquidity token

The Byzantine protocol is trustless and designed to be more efficient and flexible than any other decentralized restaking platform.

Separating risk management & infrastructure

Byzantine achieves this flexibility by separating the risk management ("strategy layer") from the infrastructure ("infrastructure layer"):

Strategy vaults are only one example of permissionless risk management built on Byzantine. Any protocol, DAO, or individual can build on the Byzantine infrastructure layer to either help users manage risk or integrate restaking yields into existing service offering.

Crucially, risk management is performed externally from Byzantine. So any adverse outcomes, like fund losses from technical issues or poor management, do not affect Byzantine itself.